ACT just crashed 14% in 24 hours — textbook post-pump distribution is playing out right now.
$ACT $0.00968 Short TP $0.00930 SL $0.00997
After a parabolic 130% surge from $0.00785 to $0.01684, ACT has been printing consecutive lower highs across all timeframes for 7 days. Price sits 5.7% below the 1H SMA20 with RSI at 27.4 — oversold but still falling, a classic sign of momentum-driven selling, not reversal.
Volume collapsed from 2.8B ACT on the pump day to just 66M today (-97%), yet the price keeps sliding. The 4H chart reveals a clean descending channel with weakening bounces — each rally fails at a lower level. No accumulation pattern anywhere on the daily or 4H timeframe. Next stop is $0.0090 support.
DYOR
$ACT $0.00968 Short TP $0.00930 SL $0.00997
After a parabolic 130% surge from $0.00785 to $0.01684, ACT has been printing consecutive lower highs across all timeframes for 7 days. Price sits 5.7% below the 1H SMA20 with RSI at 27.4 — oversold but still falling, a classic sign of momentum-driven selling, not reversal.
Volume collapsed from 2.8B ACT on the pump day to just 66M today (-97%), yet the price keeps sliding. The 4H chart reveals a clean descending channel with weakening bounces — each rally fails at a lower level. No accumulation pattern anywhere on the daily or 4H timeframe. Next stop is $0.0090 support.
DYOR